Retail POS Terminals Market Growth Opportunities to 2024 : Key Companies are Cisco, Epicor Software, Hewlett Packard Enterprise, Ingenico Group, MICROS Systems Inc, NCR Corporation, Panasonic, Samsung Electronics, Toshiba, Verifone

Retail POS Terminals Market is predicted to grow at over 10% CAGR from 2017 to 2024. Technological advancements such as the advent of near field communication (NFC) technology and biometrics has revolutionized the retail POS terminals market.

Integrated card machines allow the usage of multiple payment techniques and can also gather data for providing in depth analysis. Business owners are now required to provide flexible payment option such as credit cards, checks, and digital payments to attract customers.

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The rising demand for cloud-based POS systems is anticipated to drive the retail POS terminals market during the forecast timespan owing to the cost effectiveness and the reduced need for frequent upgrades.

The rising demand for SaaS and cloud based solutions is anticipated to augment the retail POS terminals market growth and create new opportunities for vendors. Evolution in hacking and cybercrimes poses a high security threat and can lead to the theft of personal customer information, financial resources, and the loss of reputation amongst customers.

The major players operating in the market-
1. Cisco Systems, Inc.
2. Epicor Software Corporation
3. Hewlett-Packard Company
4. Ingenico Group
5. Micros Systems, Inc.
6. NCR Corporation
7. Panasonic Corporation
8. PAX Technology
9. Samsung Electronics Co., Ltd.
10. Toshiba Corporation
11. VeriFone Systems Inc.

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Intense competition between players has led to business owners improving their facilities and technologies such as the integration of mPOS terminals. These allow an increase in interactions, elimination of excessive waiting times, and insights into the customer buying profile. mPOS terminals lower the amount of space taken up by regular cash wraps and counters.

The retail sector, primarily in the South-East Asian and North American countries, is anticipated to experience high growth. The retail sales in North America in 2016 were valued at more than USD 5 billion. The increasing disposable income, increasing online retailers, and growing penetration of smartphones is driving the retail sector in North America.

Retailers in these regions are retaining customers by customizing offerings, providing variable payment methods, and mapping consumer patterns. Furthermore, continued increase in performance of companies acting in auto retail, home improvement, dollar store, & drug store and specialty retail, supermarkets, & department stores sectors are expected to present several growth opportunities for the retail POS terminals market.

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The demand for retail POS terminals market in the Asia Pacific region is anticipated to be very high during the forecast timespan. Government initiatives such as the demonetization strategy in India is anticipated to drive the regional share.

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